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. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke on the phone yesterday. both men agreeing not to publicly characterize how the conversation went. but the stalemate in negotiations entered bold new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the top 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest members. only 2%. the size of the problem in some sense is so
. >> including president obama actually making his appeal to business leaders on his tax plan. he's now reaching out following a very tough election campaign. >> and overseas, protests get violent in egypt where the once stable nation appears to be on the verge of crisis. first, let's get to the news live at 5:30 here at 30 rock in new york city. we begin with 25 days to go until the year end fiscal cliff deadline for the first time in days president obama and speaker boehner spoke...
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Dec 5, 2012
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that's not business as usual. what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense that he and barack obama just don't have much of a relationship. certainly nowhere near as warm and constructive as the one you ended up having with president clinton. >> first of all, we earned -- you have to ask president clinton this but i think it's a fair thing to say. we earned president clinton's respect in part by closing the government twice and being in a very rough and tumble fight. he came to believe we were serious. we were the first republican congress in 40 years but more importantly, we were the first re-elected rep
that's not business as usual. what barack obama's proposing is the same bloated bureaucratic government with the same bloated waste but with more tax money. that's what one economist called socialist austerity. the private sector gets weaker, poorer, has fewer jobs, but we prop up government with higher taxes. i think that's a bad deal for america. >> right. let's talk about speaker boehner, though, because he's obviously in your position, the one that you occupied, and there is a sense...
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Nov 29, 2012
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he obviously made it very clear that he didn't think that president obama knew anything about business or the economy. he was the expert. so why not help out? >> i wouldn't make him treasury secretary. you wouldn't want to have that tax plan put into effect. >> he could be in charge of building new business or something. >> look, it's -- this is a moment when american democracy functions. it's rare, as i said before, that presidents do this or that the winning candidate does this. there is the iconic picture of kennedy and nixon in 1960 when nixon went to visit the preelect. more common is what happened with franklin roosevelt who is sitting in the car with herbert hoover. he is glou he go. he won't speak to roosevelt. roosevelt points up at the steel on the commerce department building and says, isn't that a remarkable superstructure. hoover keeps glouerring and roosevelt decides he will wave at the crowds and the crowds are cheering. what we are going to see tomorrow is more civility than you sometimes see after these elections. >> the president has met with ceos, the fraternal order
he obviously made it very clear that he didn't think that president obama knew anything about business or the economy. he was the expert. so why not help out? >> i wouldn't make him treasury secretary. you wouldn't want to have that tax plan put into effect. >> he could be in charge of building new business or something. >> look, it's -- this is a moment when american democracy functions. it's rare, as i said before, that presidents do this or that the winning candidate does...
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Dec 2, 2012
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here is what president obama needs. he has to make sure the economy grows. he will be a two-term jimmy carter if the economy goes back in recession and we can't pull ourselves out of this thing. >> eric: i heard you laugh, martin on the "two-term jimmy carter" line. >> he doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise rates a point or two, that is not going to be end of the world. republicans understand that. let's get through with the fear we have had a couple of weeks of theater and let's get down to serious negotiations. i don't think the republicans want to fight to the death to protect tax breaks for the wealthy. that is not the message they want to send. they tried it during the election and they lost on that. >> eric: if i just interrupt, matt mentioned small businesses. let me read you this tough edtory from investors business daily this past week. they call it return of the tax-and-spend democrats in d.c. of
here is what president obama needs. he has to make sure the economy grows. he will be a two-term jimmy carter if the economy goes back in recession and we can't pull ourselves out of this thing. >> eric: i heard you laugh, martin on the "two-term jimmy carter" line. >> he doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise...
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coming up next, "your business with j.j. remain be jchlj.j. ra. " two years ago, the people of bp made a commitment to the gulf. twenty-three r billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. cool, you found it. wow. nice place. yeah. [ chuckles ] the family thinks i'm out shipping these. smooth move. you used priority mail flat-rate boxes. if it fits, it ships for a low, flat rate. paid for postage online and arranged a free pickup. and i'm gonna track them online, too. nice. between those boxes and this place, i'm totally staying sane this year. do i smell snickerdoodles? maybe. [ timer dings ] gotta go. [ male announcer ] priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service.
coming up next, "your business with j.j. remain be jchlj.j. ra. " two years ago, the people of bp made a commitment to the gulf. twenty-three r billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our...
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Nov 30, 2012
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american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated publicly and maybe it there's not an alternative. it seems that this deal gets done when the president is behind closed doors with john boehner. i think that's what it will take. it speaks to me, craig, of how there's no socialization left in washington. members of congress are there tuesday through thursday. they get out of dodge. their kids aren't in school there. not enough sharing of cocktails among one another. and frankly, i think they need to spend more time together and stop litigating this thing openly. >> bipartisan bourbon perhaps. >> yes. >> y
american small businesses will get a tax cut. so why not come to a negotiated deal on the things that we agree on and put aside the other things. we don't thesely have to agree on those 2%. let's work on where there is some sort of compromisable solution or common ground. >> michael sm, what do you thins going on behind these meetings, what do you think these conversations are like? >> i don't know. i'm frustrated by the approach. i don't like the way this is all being litigated...
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Nov 29, 2012
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seeking reconciliation with the president, president obama's meeting with business leaders repairing a troubled relationship known more for conflict than partnership. when the private sector tycoons gather he'll feet as much as pressure to make it right. making aminutes with the president isn't good publicity, it might be a necessity for the bottom line. >> what obama can get and needs from the business community. it's easy to use him as a punching bag, they foolishly lined up behind the wrong guy. they can be a valuable ally in the fiscal cliff push because they're an important component of the republican party. if business leaders come out and recognizing, we've been through the experience of the debt crisis in 2011, business leaders who care about this, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's somet
seeking reconciliation with the president, president obama's meeting with business leaders repairing a troubled relationship known more for conflict than partnership. when the private sector tycoons gather he'll feet as much as pressure to make it right. making aminutes with the president isn't good publicity, it might be a necessity for the bottom line. >> what obama can get and needs from the business community. it's easy to use him as a punching bag, they foolishly lined up behind the...
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Nov 29, 2012
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we saw him meeting with business leaders. his event is planned for tomorrow. we campaign-like and he is still using the campaign actually, more than a million people responded to that survey that obama for america put out and said they're interested in volunteering. so is part of what the president is feeling the security he's feeling about getting a deal done the way he wants to get it done from we the people? >> either security or arrogance depending on your perspective. the campaign never ends. and the question and i do think it's a question is whether the sort of get the public to weigh in here is more effective than get in the back room and cut the deal. i would say one of the things that's very different about this negotiation than, say, the debt ceiling negotiation is, first of all, there has been an election as the president is kind of the first one to remind people. and number two, though, i think secretary geithner does not think going over the cliff is a good idea, i think that he, the white house, the president, are way more willing to take that ri
we saw him meeting with business leaders. his event is planned for tomorrow. we campaign-like and he is still using the campaign actually, more than a million people responded to that survey that obama for america put out and said they're interested in volunteering. so is part of what the president is feeling the security he's feeling about getting a deal done the way he wants to get it done from we the people? >> either security or arrogance depending on your perspective. the campaign...
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Dec 5, 2012
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today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Nov 29, 2012
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but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. paul. [ inaudible question ] meeting with secretary geithner or your phone call with president obama last night. could you tell us something about that phone call? >> well, we had a very nice conversation last night. it was direct. and straight forward. but this assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as part of a down payment to get to a longer-range solution on entitlements and tax reform? >> there are a lot of options on the table, including that one. >> mr. speaker, before the election, you were asked whether if it obama won taxes would have to go up. and you sounded like you opposed that. now you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my
but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. paul. [ inaudible question ] meeting with secretary geithner or your phone call with president obama last night. could you tell us something about that phone call? >> well, we had a very nice conversation last night. it was direct. and straight forward. but this assessment i give you today would be a product of both of those...
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coming up next, "your business" with j.j. ramberg. i think i did. oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sigh of relief ] we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative people are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. with his wife, dan
coming up next, "your business" with j.j. ramberg. i think i did. oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable...
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Nov 30, 2012
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president obama, you are giving the middle class the raw finger. >>neil: wait until you hear what happens next. and you wills an extraordinary interview with an extraordinarily angry guy tonight at 8:00 p.m., on fox business network as scott tells us the whole story, a story you do fought want to miss. >> nearly 30 days away are house republicans getting ready to walk away from a budget battle mess? one of their leaders is next. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>neil: did republicans get:. scrooged. >> every family will see their taxes go up january 1. i assume that does not sound too good like th
president obama, you are giving the middle class the raw finger. >>neil: wait until you hear what happens next. and you wills an extraordinary interview with an extraordinarily angry guy tonight at 8:00 p.m., on fox business network as scott tells us the whole story, a story you do fought want to miss. >> nearly 30 days away are house republicans getting ready to walk away from a budget battle mess? one of their leaders is next. [ malannouncer ] it'that time of year again. time for...
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to the point of the testing, i thought the interesting point was made by president obama at the business roundtable. working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: wha
to the point of the testing, i thought the interesting point was made by president obama at the business roundtable. working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not...
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Dec 7, 2012
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if we do what the president wants, which is to raise taxes on the small businesses, we will lose 700,000 jobs. or if we do what republicans want to do, keep tax rates where they are, we lose zero jobs. so your point is go over the cliff and lose $1.8 million, do what the president wants and lose 700,000 jobs or do what the republicans want and lose zero jobs. our goal is trying to get closest to losing no jobs. >> but the problem is you are not get to go the zero jobs promise. you don't have the numbers. that's your problem. you don't have the numbers or the momentum. how are you going to turn that around? >> well, you are right. and to pat's point earlier in your program, look, i wish we controlled the house, the senate and the white house. i wish the republicans had complete control because i think their policies are most conducive to economic growth. but right now what they are trying do is to negotiate in good faith with the president, earnestly putting fourth thoughtful proposals not only on revenue, but on cuts, and trying to get the president 20 move to the center. if we go over t
if we do what the president wants, which is to raise taxes on the small businesses, we will lose 700,000 jobs. or if we do what republicans want to do, keep tax rates where they are, we lose zero jobs. so your point is go over the cliff and lose $1.8 million, do what the president wants and lose 700,000 jobs or do what the republicans want and lose zero jobs. our goal is trying to get closest to losing no jobs. >> but the problem is you are not get to go the zero jobs promise. you don't...
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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. >> let's turn to the editor and chief of business insider which covering all things money. henry, welcome. >> thank you. great to be here. >> let's talk specifics a little bit. obama's plan for the fiscal cliff includes 400 billion or so in unspecified cuts, while the republicans have offered 800 billion in unspecified higher tax revenues. has either side gotten specific enough for you guys? >> they haven't gotten specific enough yet, but they both staked out positions that are imminently compromisable. there's good common ground there. what's preventing that? the republicans saying we'll never raise taxes. the problem is taxes are scheduled to go up. they can't say no to that. they will go up. the only real question for the obstructionists in the republican party is, seriously, you're going to block atax cut? that's what it is. >> i want to play some sound from our friend david gergen on cnn yesterday and get you to comment. >> since this election i think the democrats are the ones who are really trying to rub it in and almost humiliate the republicans, and that's not goin
. >> let's turn to the editor and chief of business insider which covering all things money. henry, welcome. >> thank you. great to be here. >> let's talk specifics a little bit. obama's plan for the fiscal cliff includes 400 billion or so in unspecified cuts, while the republicans have offered 800 billion in unspecified higher tax revenues. has either side gotten specific enough for you guys? >> they haven't gotten specific enough yet, but they both staked out positions...
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. >> governor, connecticut senator joe lieberman says that president obama needs to get more involved in these talks. needs to get down in the trench, gets his hands a little dirty. is that the right strategy for the president? >> well i agree with senator lieberman. i've said that from the beginning. any time i was involved in a negotiation with the legislature over a bill, i got involved. that doesn't necessarily mean that i met with them personally. although often i would but it also meant that i was directing the flow and that my position was out there clearly. >> so why do you think for example that president obama hasn't done that yet? >> well because it worked for them in the first term. it was a key part of getting them re-elected. they never had to stake out difficult positions. but now it's the second term. he doesn't have to get re-elected. he's got to worry about what's good for the country. so i think he should lead, he should get out there and say look, guys, here's what i've seen what senator mcconnell wanted. here's what i'm willing to accept. let's get going. >> and i
. >> governor, connecticut senator joe lieberman says that president obama needs to get more involved in these talks. needs to get down in the trench, gets his hands a little dirty. is that the right strategy for the president? >> well i agree with senator lieberman. i've said that from the beginning. any time i was involved in a negotiation with the legislature over a bill, i got involved. that doesn't necessarily mean that i met with them personally. although often i would but it...
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this hit small businesses and in return hits the middle class, the very people that these small businesses employ, the people who will get hid the hardest, even though making $200,000 per year are the ones employing the middle class that president obama keep propping up to get his agenda passed. >> now we have this $20 million medical device tax. this has been around. i believe you write this will really crush medical innovation in the united states. >> right. i think this is one of the more severe tax thaeds we're going to see. essentially with this medical device tax, they're tacking on more costs to life saving devices such as mechanical hearts. it does the same thing as a doctor shortage. the students that go into these programs, myio medical engineering, are not going to see a return on their investment because it's going to be a too expensive for companies to keep as many employees around, which in the long run means companies are going to be producing less effective and less efficient medical devices. >> another one, a nasty one, this one is only worth $13 billion but gee whiz, a ca
this hit small businesses and in return hits the middle class, the very people that these small businesses employ, the people who will get hid the hardest, even though making $200,000 per year are the ones employing the middle class that president obama keep propping up to get his agenda passed. >> now we have this $20 million medical device tax. this has been around. i believe you write this will really crush medical innovation in the united states. >> right. i think this is one of...
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we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notify you if it is taking information from you. to law is about to be put to the test. i got word in the last 30 seconds and a ruling from the supreme court, a decision from the supreme court, actually, on whether it will hear a same-sex marriage case and the constitutionality of that. the answer is "yes" the court has notified us. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>shepard: there is breaking news on fox news channel, the suprem
we know that business collects information from us when we go to our website our mobile apps. usually it is legal. there is a new law that requires companies to notify you if it is taking information from you. to law is about to be put to the test. i got word in the last 30 seconds and a ruling from the supreme court, a decision from the supreme court, actually, on whether it will hear a same-sex marriage case and the constitutionality of that. the answer is "yes" the court has...
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so this is obama 2.0. a much more engaged, a much more activist president. you series bringing a business community in, community leaders, small business, not for profit. he'll be much more engaged in this second term. >> morris, on this issue, are we just going to get something that just gets us through this period? because there are those who want to tie in a longer term debt strategy and solution. it seems if we do that, that will muddy the waters here short term. >> he what they need to do is c to an agreement on what they can agree on. the president said we should all be able to agree on this first 23 250,000 and then move to the next congress for something more comprehensive. there's never going to be a situation where you'll be able to swallow the whole pie. comprehensive tax reform is very hard and dealing with all the entitlements will be very hard. so i think the best thing to do is get something that gets us past the dead line and then come back to the table and get something more comprehensive done. >> when it comes down to it, are politicians, i
so this is obama 2.0. a much more engaged, a much more activist president. you series bringing a business community in, community leaders, small business, not for profit. he'll be much more engaged in this second term. >> morris, on this issue, are we just going to get something that just gets us through this period? because there are those who want to tie in a longer term debt strategy and solution. it seems if we do that, that will muddy the waters here short term. >> he what they...
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obama is introduced by the c.e.o. of boeing. >> we at the business roundtable are grateful to both the electricity -- for the engagement we have had with you and members of your team. listen, i know your team has really reached out significantly over the last few months to many people in this room. the export council that the outreach to us is again you inand we know you are seeking solutions that was outlined very sincerely this morning when we met with jack and the rest of the team. and i hope you get the same sense of purpose and commitment from us as we engage with you. there aren't a lot of wall flowers in here and eager for a two-way exchange nonetheless and hopefully your takeaway will be we can serve a useful purpose in the dialogue. mr. president, thank you again for joining us today. we would love to hear from you. \[applause] >> good morning everybody. it is great to see all of you. many of you had a chance to see individually or in small groups over the last several months but good to be back at the busine
obama is introduced by the c.e.o. of boeing. >> we at the business roundtable are grateful to both the electricity -- for the engagement we have had with you and members of your team. listen, i know your team has really reached out significantly over the last few months to many people in this room. the export council that the outreach to us is again you inand we know you are seeking solutions that was outlined very sincerely this morning when we met with jack and the rest of the team. and...
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Dec 2, 2012
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business than mitt romney, but just before that second obama term begins, he's getting a dividend. mr. senegal and the rest of the costco board voted this week to give themselves a special dividend, a 3 billion dollar christmas gift for shareholders that will allow them to be taxed at the current rate of 15% rather than next year's rate of over 40%. and costco is just one of many companies making these one-time cash payouts in a move that will save stocks holders like senegal unless in dividend taxes. and so, mary, turns out maybe taxes do influence investor behavior. what's the meaning of the great cashout of 2012? >> well, don't tax you, don't tax me, tax the guy behind the tree. >> paul: russell long, former late senator. >> exactly. and what you see here are very wealthy people who can, you know, engineer ways to avoid taxes, meanwhile, what he's-- the medicine he's suggesting for people who are starting to do better, people who say, make $200,000, maybe working their whole life. they're the ones who are going to get hit with the obama taxes and really, i mean, you look at that
business than mitt romney, but just before that second obama term begins, he's getting a dividend. mr. senegal and the rest of the costco board voted this week to give themselves a special dividend, a 3 billion dollar christmas gift for shareholders that will allow them to be taxed at the current rate of 15% rather than next year's rate of over 40%. and costco is just one of many companies making these one-time cash payouts in a move that will save stocks holders like senegal unless in dividend...
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Dec 3, 2012
12/12
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president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff and didn't make the president look particularly effective. an issue to be resolved is to tackle entitlement reform. you have the white house and republicans saying you need to put meat on the bones and going back and forth. listen to what republican senator bob corker said. >> i think the really discussions around the fiscal cliff haven't even begun to be serious yet and the reason they haven't is we have really not begun to talk about real entitlement reforms and the only way of a true avoidance and until the debate moves to that point there's really no serious debate taking place and i think,
president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling negotiations where you saw these meetings with congressional leaders but there really wasn't a whole lot of payoff...
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Dec 6, 2012
12/12
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it is valuable to businesses. it has been around over the last decade. whatl get to deduct 50% of you purchase any given year or it is pushed up to 100%. is not sure if obama planning to extend that into next year. i think it might be 50%. caller: good morning. first-time caller. i would like to say, from the the pursecaller, strings are embedded so tight with big business. basically in the business of raising funds and creating wealth for themselves and their cronies. we have no representation. when you have got a large money available, there is a lot of opportunity for corruption or for people to benefit. at the vertex codes are a prime example of that. the tax system could be simplified -- and our tax code or a prime example of that. the tax system could be simplified. it could be much more equitable, much fairer. that is a problem with the taxes. it is totally part of the corrupt system we deal with in our government. guest: this is a good time to talk about this wide perception that the tax code is unfair and riddled with loopholes and working for o
it is valuable to businesses. it has been around over the last decade. whatl get to deduct 50% of you purchase any given year or it is pushed up to 100%. is not sure if obama planning to extend that into next year. i think it might be 50%. caller: good morning. first-time caller. i would like to say, from the the pursecaller, strings are embedded so tight with big business. basically in the business of raising funds and creating wealth for themselves and their cronies. we have no...
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Dec 5, 2012
12/12
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that's why we see so many business people, including small business people, standing at president obama's side saying it's good for business to give the middle class their tax breaks. what are these republicans thinking over there? if i told you, if we're having an argument, that i'll give you 98% of what you want and you walk away from me, i say you're unreasonable. who gets 98% of what they want? no one in an argument. usually meet each other halfway, 50-50. we are giving the republicans 98% of what they want on the tax cuts, but they are holding the 98% hostage for their friends, the coch brothers, sheldon adderson, the billionaires. you know, that's wrong, and we had an election about it. this is a country of, by and for the people, not of, by and for the billionaires. and i am going to say to my republican friends -- and they are my friends. i have served with them for a long time. i have worked with them. what are you thinking? what are you doing? let me tell you one of the things they offered in their package. this is outrageous. they want to raise the age of medicare by two years.
that's why we see so many business people, including small business people, standing at president obama's side saying it's good for business to give the middle class their tax breaks. what are these republicans thinking over there? if i told you, if we're having an argument, that i'll give you 98% of what you want and you walk away from me, i say you're unreasonable. who gets 98% of what they want? no one in an argument. usually meet each other halfway, 50-50. we are giving the republicans 98%...
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Nov 30, 2012
11/12
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you know, you imagine at theent of that lunch romney giving obama a business card that he somehow misplaces. you know? that phone number. i just -- i had it here somewhere. but as anna marie said, it is nice. it's totally fake. this is nothing but a veneer, a sheen, but it's nice that they did it. >> it is nice. and one note of seriousnesses here. it is a great photograph to be seen around the world, that this is the way we conduct elections in this country. >> yes. >> and no shots are fired. it's all about that orderly and sensible and peaceable transition we have. it's a very good entry in that. the -- the real meeting that romney did have in washington today was with paul ryan, who doesn't seem to quite get -- realize his place in history. we have a big board here that shows all of the recent losing vice presidential candidates going all the way back to henry calfet lodge, which is to say during the television age, not one of them has ever made it to the presidency. and we don't yet have the new one with paul ryan on it, but he will very shortly take his position right up there statewide
you know, you imagine at theent of that lunch romney giving obama a business card that he somehow misplaces. you know? that phone number. i just -- i had it here somewhere. but as anna marie said, it is nice. it's totally fake. this is nothing but a veneer, a sheen, but it's nice that they did it. >> it is nice. and one note of seriousnesses here. it is a great photograph to be seen around the world, that this is the way we conduct elections in this country. >> yes. >> and no...
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Dec 5, 2012
12/12
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okay, you have president obama half million dollars. now you'll be given something for that legalized bribe you collected for. >> this has gone on forever especially with france and england, that these two appointments specifically are reserved for people who have been able to get together a lot of money. >> i'm imagining a world how much can we raise for a president that we want. we go to them, hey can i get ambassador position with you and what is it that we're doing right to help you out? i just imagine the world and how much it's influenced. >> cenk: what is 20 bucks get me? can i get ambassador. >> bill maher gave $1 million. bill maher should be the ambassador to, i don't know, anywhere. it's really a shock and that's it. i don't know. >> how terrified is that embassy staff right now. >> cenk: oh, yeah, yeah. by the way, bill maher raised as much as anna wintour. so it should be twice as important as england maybe china. >> cenk: or the ambassador to hbo, do we need a liaison between america and hbo, it's not television, it's hbo.
okay, you have president obama half million dollars. now you'll be given something for that legalized bribe you collected for. >> this has gone on forever especially with france and england, that these two appointments specifically are reserved for people who have been able to get together a lot of money. >> i'm imagining a world how much can we raise for a president that we want. we go to them, hey can i get ambassador position with you and what is it that we're doing right to help...
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Dec 4, 2012
12/12
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outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt ceiling, taking it off the table, needs to be part of the deal. you referred to the economy, you called held hostage by the ideological team. you were aware of this, senator obama w
outcome of the negotiations, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad...
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Dec 4, 2012
12/12
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business owners aren't using those record profits to pay their workers. profits hit an all-time high, but workers wages have simply bottomed out. in fact, wages have hit an all-time low. let's take a look at this. it seems to be some kind of income fairness in this country. until about 2000. wages have gone from here down to there in 12 years. have you heard the term "off the charts"? here we go. corporate profits, then the recession hit. but back at it. there's a pretty huge separation between corporate profits and wages. one line is going off the charts and the other one is going down. but there's good news. even though wages are lower, consumers are basically driving the economy. consumer confidence reached its highest point since february of 2008. in a new report, it shows the automobile industry continues to roar back. almost every auto maker is reporting big sales gains. dodge is up for the 32nd month in a row. chrysler sales up 14% over last year. the hyundai plant in alabama is running at full capacity and can't keep pace with demand. there's no q
business owners aren't using those record profits to pay their workers. profits hit an all-time high, but workers wages have simply bottomed out. in fact, wages have hit an all-time low. let's take a look at this. it seems to be some kind of income fairness in this country. until about 2000. wages have gone from here down to there in 12 years. have you heard the term "off the charts"? here we go. corporate profits, then the recession hit. but back at it. there's a pretty huge...
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Dec 6, 2012
12/12
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president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500 is up 12% year to date. that is a handsome gain for investors, an optimistic year, believe it or not. and we already bailed out detroit's auto industry. but now, at least one motown politician is telling president obama he should bail out detroit bankrupt city government, too. this sure isn't the free market, and i asked why should a texas taxpayer bail out detroit? >>> breaking news from syria, and it is a blockbuster. the assad regime is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was
president obama goes before business leaders and says "we could get this done in a week" when it comes to the fiscal cliff. but tim geithner just told cnbc that we're going to go over the cliff unless tax rates go up. at the same time, two dozen republican house members signed a bipartisan letter with democrats defecting from the boehner plan. in the meantime, a nice game for the day for the dow, but a stunning selloff for apple. do you know what? fiscal cliff or not, the s&p 500...
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Dec 5, 2012
12/12
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. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following the mayor's lead on several issues. it was evident last night during a 13-hour meeting. the council voted against several bills. matt has more. >> reporter: the mayor appears to be concerned about the budget when it comes to a number of bills passed by the council yesterday and one thing that could put a hole is the plan by the council to lower speed camera fines. it passed last night and even though the mayor said the cameras are about safety, not mean, they generate a lot -- not money, they generate a lot of revenue and they could be close to $100 million the next four years. the mayor claims in total, the council passed bills to reduce the city's funding by $350 million that is over the ne
. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following the mayor's lead on several issues. it was evident last night during a 13-hour meeting....
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Dec 6, 2012
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businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we have to get our spending in order as well. >> you're taking a bit of heat actually for signing onto that fix the debt campaign. as you outline it, it sounds lovely and bipartisan but a lot of critics say it's a deal that favors corporate
businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we...
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Dec 6, 2012
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there's a lot of people in business suits inc. we are poised to do some really good things in the global economy of the united states but if we can't untangle this mass, it's not going to happen. >> you more about the inner workings of our government than any living person. every single administration of our lifetime. you've been behind the scenes producing national security notes. >> what nonsense you are talking. >> are you now optimistic or pessimistic about the way the strong and finance minister posted questions? >> in the end, i think things will be fixed. the question is when and what price do you pay on the road to getting them fixed? you know, i don't think you govern by playing chicken. and i say that to democrats, republicans, the white house, the congress. they should sit down and really talk this out in the old joe biden way when he would do with mitch mcconnell just a couple years ago to extend the bush tax cut and the white house to call biden and will, whisperer. and the horse whisperer and one for you, one for me,
there's a lot of people in business suits inc. we are poised to do some really good things in the global economy of the united states but if we can't untangle this mass, it's not going to happen. >> you more about the inner workings of our government than any living person. every single administration of our lifetime. you've been behind the scenes producing national security notes. >> what nonsense you are talking. >> are you now optimistic or pessimistic about the way the...
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Nov 29, 2012
11/12
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FBC
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president obama finally getting small business owners the time of day hearing their concerns ahead of the looming fiscal cliff. the president's criticized for only sitting do with big business, ceo, and union leaders. joining me now are three owners who atented the meeting with the president,tillegge construction and andy, president o a. harold and associates. welcome, all. i want you all to answer this queson. what does your company do? keith, starting with you. >> hi, gerri, thanks for having me. a general contracting company, mainly in defense, and we are located in baton rou, louisiana, reasonable offices in dallas, texas, and general contractor. -erri: all right, julia? >> hi, thank you so much, gerri. we help people become healthier, happier, and smarter. gerri: i need a lot of that, yeah. >> it helps you exercise better and sleep better and get better nutrition. gerri: oh, my lord. >> lose pounds. gerri: sounds magical. >> we hope it is. gerri: andy, you're a defense contractor; correct? >> yes, thank you very much for having me tonight. gerri: you're welcome. glad to have you
president obama finally getting small business owners the time of day hearing their concerns ahead of the looming fiscal cliff. the president's criticized for only sitting do with big business, ceo, and union leaders. joining me now are three owners who atented the meeting with the president,tillegge construction and andy, president o a. harold and associates. welcome, all. i want you all to answer this queson. what does your company do? keith, starting with you. >> hi, gerri, thanks for...
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Dec 6, 2012
12/12
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you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down wi
you see, they want the business community to think that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go.ç >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me...
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Dec 5, 2012
12/12
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. >> president obama has tried to reform wall street. taken a lot of heat for it. they have accused him of being anti-business. a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now it's down to 6.9%. that's because of a lot of things. partly trade enforcement that you've talked about. and partly the auto rescue. all those things together. i think the president knows that we need to continue to make sure the regulations are strong. part of that is done by his administration and part of it is by congress. we know he will work with senator merkley, senator schumer, people who have been involved on these issues. and i'm optimistic we move forward. >> thank you for joining us tonight. >>> coming up, senator mitch mcconnell rails against reform, but john mccain doesn't agre
. >> president obama has tried to reform wall street. taken a lot of heat for it. they have accused him of being anti-business. a lot of positive figures out there in the economy. does a second term present a great opportunity for him to follow through on wall street reform? because there are some in the community that think he was a disappointment in that regard. >> first of all about the economy, my state right after the auto rescue, my state's unemployment rate was 10.6%. now...